December 2023

Steel hollow sections producers in Europe target higher offers, prices rise

Steel hollow sections prices in Europe rose in the week to Wednesday December 6, with mills targeting higher market levels to encourage buying in the new year.

European steel beam prices rise on mills’ bullish offers

Steel beam prices in Europe moved up in the week to Wednesday December 6, with mills bullish amid higher scrap feedstock costs.

China’s domestic rebar prices rise further on high raw material costs

China’s domestic rebar prices remained on an uptrend on Thursday December 7 due to the higher prices for raw materials and positive steel export data released on the same day, sources said.

Chinese crude steel output rises in late Nov after mill margins improve

China’s crude steel output rose in late November after margins across steel mills improved on a rally in finished steel prices, market participants told Fastmarkets on Wednesday December 6.

China’s domestic rebar prices increase on expectation of Spring 2024 demand spike

China’s domestic rebar prices moved up on Wednesday December 6 on increase in the value of the most-traded futures contract, but not all market participants were bullish on the price trend, sources told Fastmarkets.

Russian billet, wire rod prices rise on costlier scrap; customers cautious

Export billet and wire rod prices from Russia continued to rise in early December, supported by the ongoing strengthening of international scrap prices.

UAE steel billet, rebar import prices stable, local prices widen

Prices for steel rebar and billet imported into the United Arab Emirates were unchanged during the week ending Tuesday December 5 but local price ranges widened, with demand low, industry sources told Fastmarkets.

China’s domestic rebar prices stop sliding in favorable weather

Increased construction activity amid more favorable weather conditions led to and end of a downtrend seen in China’s domestic rebar prices on Tuesday December 5, sources told Fastmarkets.

Singapore rebar prices rangebound on firm offers; buyers on the sidelines

Prices of rebar in key import market Singapore held steady in the week to Monday December 4 due to rising offers, underpinned by costlier raw materials and the sustained increase in Chinese steel prices.

China domestic rebar prices fall on expectations of lower production costs

Chinese domestic rebar prices fell on Monday December 4, on expectations of a decline in coking coal costs, market participants told Fastmarkets.